1001 Freelance Projects -- Python Trading Strategy To Be Used With Binance

Latest Projects from Freelance Marketplaces

Today is: 04-Apr-2025 17:10 GMT

View this project in detail (Note: you will be redirected to external marketplace)
Project title:	Python Trading Strategy To Be Used With Binance
Posted by:	External project from PeoplePerHour
Started:	24-Jan-2025 11:52 GMT
Description:	I am looking for help with creating a simple Python strategy to be used for crypto trading on Binance. The script is basically a simple trade management and hedging script that will allow me to open and manage multiple orders in hedge mode. The key input variables to be specified by the user are: Trading Symbol Upper Limit Price Lower Limit Price Take Profit (In Percentage) Stop Loss (In Percentage) Initial Trade: Long or Short Hedge Multiplier If the user specifies Initial Trade = Long, the trading engine will seek to open BUY STOP orders at the Upper Limit Price and undertake SELL STOP orders at the Lower Limit Price (as a hedge) Let’s assume that the current market price is $100. The user specifies Initial Trade = Long and sets the Upper Limit Price to $105 and the Lower Limit Price to $95. Once the price reaches $105, the trading engine executes a BUY STOP order, in the process initiating a long position. If the market moves to take profit, the long position is closed. If however, the price moves down to $95, the trading engine opens a SELL STOP order as a hedge. The quantity of this order is the initial quantity X hedge multiplier. If the initial order was 100 units and the hedge multiplier was 1.2, the size of the hedge (in the form of a SELL STOP) would be 120 units. Note that both the BUY STOP order and the SELL STOP hedge have the same Take Profit and Stop Loss values attached. If the price moves down further, the profit target for the SELL STOP hedge and the stop loss for the BUY STOP initial position will be engaged. If however, the market reverses again and the price travels from $95 to $105 (thus hitting the upper limit price), another BUY STOP order (with the same Take Profit and Stop Loss) is opened. The quantity associated with this order is the initial quantity X hedge multiplier X hedge multiplier = 100 X 1.2 X 1.2. There are now three orders open (2 longs and 1 short) The process continues until the profit target for one of the orders is engaged. Once this occurs, all orders and positions associated with the Symbol are closed. Note: If initial position = short, the trading engine starts with a SELL STOP order at the lower limit price. Note: the engine should also allow me to restrict the number of hedges before all positions linked to the symbol are closed. For example, there could be a field to allow for max number of hedges to be opened. Please refer to this Youtube video for the basic concept - https://www.youtube.com/watch?v=35AUnKHtHwE&t=1s . Another name for this strategy is the Zone Recovery Martingale. The Youtube video uses a hedge multiplier of X2 but in my case, I would like it to be variable. I would also like for this to be used in crypto.
Project ID:	3418645
Project category:
Project budget:
View this project in detail (Note: you will be redirected to external marketplace)

Project	Started
London Based Architectural Designer	04-Apr-2025 15:52 GMT
Wordpress Speed Optimisation	04-Apr-2025 15:43 GMT
Logo rendering into 3 hr video - please read nfo before applying	04-Apr-2025 15:43 GMT
AI expert to import Word content on Wordpress ACF fields	04-Apr-2025 15:02 GMT
Tabulated PDF to Word conversion and Arabic/English translation	04-Apr-2025 14:54 GMT
Full-Day Training and Build of an AI Research Agent on 8/4/25	04-Apr-2025 14:54 GMT
Social Media Awareness for New UK Edu Platform (1 week, remote)	04-Apr-2025 14:41 GMT
Bookkeeping Assistant	04-Apr-2025 14:29 GMT
Skilled Customer Service Representative	04-Apr-2025 14:28 GMT
Functional Skills E-Course Content Writer	04-Apr-2025 14:25 GMT
Create advanced AI chatbot for reporting/BI and customer help	04-Apr-2025 13:59 GMT
Design a Google doc template	04-Apr-2025 13:59 GMT
Development of Prototype for Merchant Portfolio Risk Management	04-Apr-2025 13:58 GMT
I need someone to prepare engagement letters (ICAEW)	04-Apr-2025 13:24 GMT
Improve sound recording (2mins)	04-Apr-2025 13:24 GMT

Browse All Projects

Projects by Skills ...
Projects for 'android' Projects for 'ajax' Projects for 'asp' Projects for 'aspnet' Projects for 'cms' Projects for 'cpp' Projects for 'csharp' Projects for 'css' Projects for 'delphi' Projects for 'design' Projects for 'drupal'	Projects for 'excel' Projects for 'facebook' Projects for 'flash' Projects for 'html' Projects for 'java' Projects for 'javascript' Projects for 'joomla' Projects for 'iphone' Projects for 'mysql' Projects for 'photoshop' Projects for 'php' Projects for 'python'	Projects for 'ruby' Projects for 'seo' Projects for 'sql' Projects for 'sysadm' Projects for 'translate' Projects for 'typing' Projects for 'twitter' Projects for 'vbnet' Projects for 'xml' Projects for 'wordpress' Projects for 'writing'
Read RSS feeds ... New!
RSS feed for 'android' RSS feed for 'ajax' RSS feed for 'asp' RSS feed for 'aspnet' RSS feed for 'cms' RSS feed for 'cpp' RSS feed for 'csharp' RSS feed for 'css' RSS feed for 'delphi' RSS feed for 'design' RSS feed for 'drupal'	RSS feed for 'excel' RSS feed for 'facebook' RSS feed for 'flash' RSS feed for 'html' RSS feed for 'java' RSS feed for 'javascript' RSS feed for 'joomla' RSS feed for 'iphone' RSS feed for 'mysql' RSS feed for 'photoshop' RSS feed for 'php' RSS feed for 'python'	RSS feed for 'ruby' RSS feed for 'seo' RSS feed for 'sql' RSS feed for 'sysadm' RSS feed for 'translate' RSS feed for 'typing' RSS feed for 'twitter' RSS feed for 'vbnet' RSS feed for 'xml' RSS feed for 'wordpress' RSS feed for 'writing'

New!
Проекты на русском (Projects in Russian)	Long URL: www.1001freelanceprojects.com	Mobile version: m.1001fp.com